Compensation Strategy Specialist
1 week ago
In this role at the Boston Consulting Group, you will be part of the Global Compensation Centre of Expertise, which oversees the strategy, management, and development of consulting teams, knowledge teams, and business services compensation programs. As a key member of the team, you will be responsible for managing job evaluation, benchmarking, and compensation structure design, and aiding managerial decisions related to compensation programs in various BCG organization(s) and cohorts(s).
Responsibilities
- Market Data Management
- Data preparation, validation, and upload
- MarketPay and WorkDay integration
- MarketPay job library updates
- Auditing MarketPay Data
- Processing Compensation Range updates
- Survey Submissions and Data Analysis
- Managing survey submissions to external data vendors (e.g. AON, WTW)
- Receipt of survey and report releases
- Global Role Matching and Reporting
- Leading Global Role Matching exercises
- Reviewing and summarizing Market Data trend reports
- Process Improvement and Collaboration
- Assisting in management and structuring of internal SharePoint sites
- Contributing to assigned key initiatives across the range of areas covered by Global Compensation COE
- Continuous improvement of processes from ideation to change
Requirements
- Bachelor's degree required; Master/MBA a plus
- Minimum 4 years of corporate experience in compensation or a related area, showing progression
- Familiarity with reward practices, compensation market data, and comp modelling
- Experience with compensation systems (especially MarketPay) and compensation market surveys (e.g. AON, WTW, Mercer) a strong advantage
- Ability to drive analysis and processes with guidance
- Advanced Microsoft Excel and Power Point skills
- Strong written and verbal communication skills and a strong attention to detail and accuracy
- Experience working across different geographies an advantage
- Collaboration with Global Compensation COE team members
- Communication with external suppliers of compensation market data
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